SUNNYVALE, Calif. - 2005-08-29 - Verity Inc. (NASDAQ: VRTY), a leading provider of enterprise search software that enables organizations to discover, analyze and process all of the digital information within their enterprises, today announced that Bloomberg LP has purchased Verity® K2 Enterprise (K2E) advanced search and classification software as part of Bloomberg's ongoing enhancement of the search functions within its Bloomberg Professional® service.
"Bloomberg is committed to continual product improvement to add value for users of the Bloomberg Professional service," according to Tom Secunda at Bloomberg. "We are continually increasing the depth of our functionality and the breadth of the data and analytics on the Bloomberg terminal. The expansion of our state-of-the-art search capabilities is part of Bloomberg's program of ongoing product enhancement."
"Verity K2E is an award-winning enterprise search solution that is used by hundreds and thousands of global users to discover, analyze and process all the information within their enterprises," said Anthony J. Bettencourt, Verity's president and chief executive officer of Verity. "We are very pleased that this product will become part of the Bloomberg Professional service."
About Bloomberg
Bloomberg is the leading global provider of data, news and analytics. The BLOOMBERG PROFESSIONAL® service and Bloomberg's media services provide real-time and archived financial and market data, pricing, trading, news and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the world. Bloomberg's media services include BLOOMBERG NEWS®, the global news service that includes more than 1,600 journalists in 127 bureaus worldwide; BLOOMBERG TELEVISION®, the 24-hour business and financial network produced and distributed worldwide on 10 separate channels in seven languages; and BLOOMBERG RADIOSM, which provides up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York. In addition, BLOOMBERG PRESS® publishes books for investment professionals. For more information please visit http://www.bloomberg.com.
About Verity
Headquartered in Sunnyvale, California, Verity provides software that enables organizations to maximize the return on their intellectual capital investment. The company's intellectual capital management (ICM) solutions provide integrated search, classification, recommendation, monitoring and analytics across the real-time flow of enterprise information, along with self-service Q & A. In addition, Verity's business process management and content capture solutions activate information and accelerate its flow from person to person and between systems. Verity technology also serves as a core component of more than 260 applications from leading independent software vendors.
Around the world, more than 11,500 organizations of all sizes and types rely on Verity to manage their intellectual capital. In the private sector, these include ABB, AT&T, AXA, Bristol-Myers Squibb, Capgemini, Capital One, Cisco, Deloitte Consulting, Edgar Online, Ford, GMAC, Hewlett-Packard, Kaiser Permanente, KPMG, Mayo Foundation, PricewaterhouseCoopers, SAP, UBS and Verizon. In the public sector, customers come from all levels and branches of government including the U.S. General Services Administration, the U.S. Air Force and Army, the U.S. Department of Defense, including the armed forces units, and the U.S. Departments of Energy and Justice. Independent software vendors that integrate Verity include EMC Documentum, FileNet, Lotus, Oracle, Stellent, TIBCO Software and Xerox DocuShare.
For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com or call 408-541-1500.
Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc.
Verity Editorial Contact:
Winifred Shum
Verity, Inc.
(408) 542-2363
wshum@verity.com
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